Policy in regard to prosecution and compounding of technical offences

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Full Text of the Document

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....nces has since been reviewed by the Board. 2. The Department has been prosecuting assessees both under the Income-tax Act and the Indian Penal Code. The offences for which the assessees are prosecuted under these two laws can be broadly categorised into technical and non-technical. Technical offences are those which are due to certain procedural lapses. Under the Income-tax Act, 1961, the technic....